Legacy Private Trust Co. Has $838,000 Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Legacy Private Trust Co. trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 48.0% during the third quarter, Holdings Channel reports. The firm owned 21,385 shares of the restaurant operator’s stock after selling 19,727 shares during the quarter. Legacy Private Trust Co.’s holdings in Chipotle Mexican Grill were worth $838,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Operose Advisors LLC acquired a new position in Chipotle Mexican Grill during the second quarter worth approximately $25,000. Saudi Central Bank bought a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $27,000. 1248 Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $27,000. Signature Resources Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $28,000. Finally, Lavaca Capital LLC bought a new stake in Chipotle Mexican Grill in the 2nd quarter valued at $28,000. Institutional investors own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Robert W. Baird reduced their price objective on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, October 10th. UBS Group set a $45.00 target price on shares of Chipotle Mexican Grill in a report on Friday, October 31st. Sanford C. Bernstein reissued an “outperform” rating and issued a $40.00 price target (down from $60.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Morgan Stanley reduced their price objective on Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Royal Bank Of Canada decreased their target price on Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.81.

Chipotle Mexican Grill Stock Up 1.8%

NYSE CMG opened at $37.66 on Friday. The firm has a 50-day moving average price of $35.26 and a two-hundred day moving average price of $42.58. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $62.88. The company has a market capitalization of $49.79 billion, a P/E ratio of 33.32, a P/E/G ratio of 3.78 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 earnings per share. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.